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Check out the companies making headlines after the bell:Meta Platforms – Shares of Meta Platforms jumped nearly 6% on stronger-than-expected quarterly results. Chipotle reported adjusted earnings of $12.65 a share on $2.51 billion in revenue. The entertainment technology company reported adjusted earnings of 26 cents a share. Lam posted adjusted earnings of $5.98 per share, beating estimates by 91 cents per share, per Refinitiv. L3Harris reported adjusted earnings of $2.97 a share on $4.69 billion in revenue, and lifted earnings and revenue guidance.
Persons: Chipotle, Refinitiv, Lam, — ServiceNow, FactSet, Sunnova, Richard Dickson, L3Harris, Aerojet, Macheel, Sarah Min, Darla Mercado Organizations: Meta, Revenue, Lam, eBay, Energy, Technology, Mattel –, Mattel, Seagate Technology, Technologies, Federal Trade Commission, L3Harris Locations: FactSet, Refinitiv
Frank Slootman became CEO of data cloud company Snowflake in April 2019. Snowflake CEO Frank Slootman tells Insider that ongoing rumors that he could soon step down are completely untrue. You are regurgitating competitive FUD," Slootman told us in his famously direct, no-nonsense style. "Frank Slootman is not leaving his position as Chairman and CEO of Snowflake," a spokesperson for the company told Insider. Slootman joined Snowflake as CEO in April 2019, ahead of its IPO in September 2020.
Persons: Frank Slootman, he'll, Mark McLaughlin, Snowflake, Slootman, McLaughlin, Bob Muglia's, Ellen Thomas Organizations: Palo Alto Networks, SEC, Qualcomm Locations: Snowflake, Las Vegas
Meta — The social media stock dropped 22.8% after Meta reported an earnings miss and a weaker-than-expected fourth-quarter forecast. Meta reported earnings of $1.64 per share on revenue of $27.71 billion. Caterpillar — Shares popped 5.1% after Caterpillar reported earnings that beat on the top and bottom lines. Caterpillar was expected to earn $3.16 per share on revenue of $14.33 billion, according to consensus estimates from Refinitiv. The defense company reported revenue of $8.97 billion, compared to forecasts of 9.13 billion, according to consensus estimates compiled by Refinitiv.
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